{"id":398517,"date":"2025-07-15T02:54:18","date_gmt":"2025-07-14T21:24:18","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-breaches-120k-institutional-fomo-takes-and-house-debate-propel-gains-crypto-news\/"},"modified":"2025-07-15T03:09:09","modified_gmt":"2025-07-14T21:39:09","slug":"bitcoin-breaches-120k-institutional-fomo-takes-and-house-debate-propel-gains-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-breaches-120k-institutional-fomo-takes-and-house-debate-propel-gains-crypto-news\/","title":{"rendered":"Bitcoin Breaches $120K, Institutional FOMO Takes and House Debate Propel Gains &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"summary-container\"><span class=\"summary-span\">Summary:<\/span><\/p>\n<ul class=\"summary-list\">\n<li>Bitcoin price is set for a momentous week with milestone legislations in the works in the US, and a $120k support underlines bullish hold.<\/li>\n<\/ul>\n<\/div>\n<p>Bitcoin price has hit a new record high price of $123,236 on Monday, not only breaking through the $120k psychological barrier, but also decisively flipped it into a support level. The uptick is driven by \u201cCrypto Week\u201d phenomenon, whereby the US House of Representatives is set to debate two key bills-the GENIUS Act and Clarity Act. In addition, the House will discuss proposals limiting Central Bank Digital Currency (CBDC) surveillance.<\/p>\n<p>President Donald Trump\u2019s second term in office has been a watershed moment for Bitcoin and other cryptocurrencies, and this week could take the momentum into a higher gear. The laws aim to bring clearer regulation, authorise  the private issuance of digital US dollar and provide a mechanism for the legal protection of stablecoins.<\/p>\n<p>The ETF market has been on a hot streak, underlining strong institutional inclination towards Bitcoin. The last two trading sessions saw spot Bitcoin ETF net inflows record more than $1 billion- the two highest daily net inflows on record. Bitcoin\u2019s trading volume rose by 154% in the last 24 hour. <\/p>\n<p>Such an uptick in trading volume amid a price rise signals rising investor appetite for the coin, which will likely keep BTC price on the upside. Institutional FOMO has publicly traded corporations,  retirement funds and sovereign wealth funds angling to have Bitcoin in their treasuries, and the current sentiment will likely trigger a continuation of that trend. <\/p>\n<h2 class=\"wp-block-heading\">Bitcoin Price Prediction<\/h2>\n<p>Bitcoin price pivots at $120,770 and the momentum calls for an extended upside. The coin will likely meet the first resistance at $122,490. Breaking above that level will signal a stronger momentum that could break above that level and potentially test $123,525.<\/p>\n<div class=\"inline-post clearfix\">\n<p>See also<\/p>\n<div id=\"block-wrap-14900\" class=\"block-wrap-native block-wrap block-wrap-23 block-css-14900 block-wrap-classic columns__m--1 elements-design-1 block-ani block-skin-0 tipi-box rounded-corners block-wrap-thumbnail ppl-m-1 clearfix\" data-id=\"14900\" data-base=\"0\">\n<div class=\"tipi-row-inner-style clearfix\">\n<div class=\"tipi-row-inner-box contents sticky--wrap\">\n<div class=\"block block-23 clearfix\">\n<article class=\"tipi-xs-12 clearfix with-fi ani-base tipi-xs-typo split-1 split-design-2 loop-0 preview-thumbnail preview-23 elements-design-1 post-212113 post type-post status-publish format-standard has-post-thumbnail hentry category-cryptocurrency tag-solana\" style=\"--animation-order:0\">\n<div class=\"preview-mini-wrap clearfix\">\n<div class=\"mask\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.investingcube.com\/cryptocurrency\/solana-price-prediction-near-term-resistance-at-170-but-bullishness-stays\/\" class=\"mask-img\" title=\"Solana price logo\"><noscript><img decoding=\"async\" width=\"100\" height=\"100\" src=\"https:\/\/www.investingcube.com\/wp-content\/uploads\/2024\/08\/Solana-price-logo-100x100.jpeg\" class=\"attachment-thumbnail size-thumbnail zeen-lazy-load-base zeen-lazy-load  wp-post-image\" alt=\"\" srcset=\"https:\/\/www.investingcube.com\/wp-content\/uploads\/2024\/08\/Solana-price-logo-100x100.jpeg 100w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2024\/08\/Solana-price-logo-293x293.jpeg 293w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2024\/08\/Solana-price-logo-390x390.jpeg 390w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2024\/08\/Solana-price-logo-585x585.jpeg 585w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2024\/08\/Solana-price-logo-900x900.jpeg 900w\" sizes=\"auto, (max-width: 100px) 100vw, 100px\" loading=\"lazy\"\/><\/noscript><\/a><\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Alternatively, breaking below $120,770 will signal the onset of downward momentum. In that case, initial support will likely be at $119,470.  Breaking below that level will invalidate the upside narrative. Furthermore, an extended control by the sellers could send the action lower and test the second support at $118,180.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"427\" loading=\"lazy\" src=\"https:\/\/www.investingcube.com\/wp-content\/uploads\/2025\/07\/BTCUSD_2025-07-14_14-16-25-1024x427.png\" alt=\"\" class=\"wp-image-212151\" srcset=\"https:\/\/www.investingcube.com\/wp-content\/uploads\/2025\/07\/BTCUSD_2025-07-14_14-16-25-1024x427.png 1024w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2025\/07\/BTCUSD_2025-07-14_14-16-25-300x125.png 300w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2025\/07\/BTCUSD_2025-07-14_14-16-25-770x321.png 770w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2025\/07\/BTCUSD_2025-07-14_14-16-25-1536x641.png 1536w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2025\/07\/BTCUSD_2025-07-14_14-16-25.png 1793w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"427\" src=\"https:\/\/www.investingcube.com\/wp-content\/uploads\/2025\/07\/BTCUSD_2025-07-14_14-16-25-1024x427.png\" alt=\"\" class=\"wp-image-212151\" srcset=\"https:\/\/www.investingcube.com\/wp-content\/uploads\/2025\/07\/BTCUSD_2025-07-14_14-16-25-1024x427.png 1024w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2025\/07\/BTCUSD_2025-07-14_14-16-25-300x125.png 300w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2025\/07\/BTCUSD_2025-07-14_14-16-25-770x321.png 770w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2025\/07\/BTCUSD_2025-07-14_14-16-25-1536x641.png 1536w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2025\/07\/BTCUSD_2025-07-14_14-16-25.png 1793w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><\/noscript><\/figure>\n<p>This article is also available in: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.investingcube.com\/pl\/cryptocurrency-pl\/bitcoin-breaches-120k-institutional-fomo-takes-and-house-debate-propel-gains-2\/\">Polski<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.investingcube.com\/nl\/cryptocurrency-nl\/bitcoin-breaches-120k-institutional-fomo-takes-and-house-debate-propel-gains-3\/\">Nederlands<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.investingcube.com\/hi\/cryptocurrency-hi\/bitcoin-breaches-120k-institutional-fomo-takes-and-house-debate-propel-gains-4\/\">\u0939\u093f\u0928\u094d\u0926\u0940<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.investingcube.com\/de\/cryptocurrency-de\/bitcoin-breaches-120k-institutional-fomo-takes-and-house-debate-propel-gains-5\/\">Deutsch<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.investingcube.com\/it\/cryptocurrency-it\/bitcoin-breaches-120k-institutional-fomo-takes-and-house-debate-propel-gains-6\/\">Italiano<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.investingcube.com\/es\/cryptocurrency-es\/bitcoin-breaches-120k-institutional-fomo-takes-and-house-debate-propel-gains-7\/\">Espa\u00f1ol<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.investingcube.com\/tr\/cryptocurrency-tr\/bitcoin-breaches-120k-institutional-fomo-takes-and-house-debate-propel-gains-8\/\">T\u00fcrk\u00e7e<\/a>.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Summary: Bitcoin price is set for a momentous week with milestone legislations in the works in the US, and a $120k support underlines bullish hold. Bitcoin price has hit a new record high price of $123,236 on Monday, not only breaking through the $120k psychological barrier, but also decisively flipped it into a support level. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":395910,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-398517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/398517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=398517"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/398517\/revisions"}],"predecessor-version":[{"id":398518,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/398517\/revisions\/398518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/395910"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=398517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=398517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=398517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}